Note: The job is a remote job and is open to candidates in USA. Oriental Bank is seeking a BSA Investigations Analyst to join their team in a hybrid role. The Analyst will conduct financial investigations related to money laundering and other financial crimes, ensuring compliance with federal regulations such as the Bank Secrecy Act and anti-money laundering laws.
Responsibilities
- Write and prepare qualitative investigative narratives and Suspicious Activity Reports (SARs) and recommend relationship retention or termination in a timely manner in compliance with the timeframes required by federal laws & regulations
- Ascertain that adequate analysis, documentation and uniform evaluation is applied on all cases according with the internal procedures. Refer for further investigation any possible unusual activity observed within a review that is not necessarily related to the subject under analysis
- Timely follow up on information requests to ascertain prompt case review resolution to comply with regulations requirements
- Assist the business in approving OFAC inquiries and possible matches
- Establishes and maintains effective liaison and communication with business, operational units, and any other employee of the bank to enhance resolution efforts and promote BSA / AML policies and procedures
- Other duties may be assigned
Skills
- Bachelor's degree in business administration, finance, criminal justice, or any other related field required
- Two (2) years of relevant banking related BSA/AML analysis, fraud, compliance, transactional, retail, or operational experience required
- Knowledge of the BSA, AML, KYC rules and OFAC's general dispositions and requirements
- Ability to identify and analyze unusual and suspicious transactions or activity
- In depth analytical thinking & high attention to detail required
- Effective communication skills to facilitate data gathering and follow up
- Excellent written and verbal communication skills in both: English and Spanish
- Legally authorized to work in the US is required
- One (1) year of BSA investigations experience is highly desirable
- Technical writing ability regarding BSA, AML & SAR terminology preferred
Benefits
- Hybrid work arrangement
- Legally authorized to work in the US is required. This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
- Oriental is an Equal Opportunity Employer (EEO/Affirmative Action for Veterans/Workers with Disabilities)
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